Bitcoin Surges Past $71,000 as Trump Pauses Iran Strikes, Signals Ceasefire

Bitcoin jumped to around $71,500 late April 7 after US President Donald Trump announced a sudden pause in planned military action against Iran, signaling a potential de-escalation in the ongoing conflict.

In a post on Truth Social, Trump said he agreed to suspend strikes on Iran for two weeks following direct conversations with Pakistan’s PM and Army Chief Asim Munir. 

He added the pause is conditional on Iran agreeing to the “complete, immediate, and safe” reopening of the Strait of Hormuz.

Trump framed the move as part of a broader diplomatic breakthrough. He said the US had already achieved its military objectives and was close to finalizing a long-term peace agreement with Iran. 

According to the statement, Tehran has submitted a 10-point proposal that Washington sees as a workable basis for negotiations.

Markets reacted instantly. Bitcoin surged nearly 3%, reclaiming the $71,500 level, while earlier pressure on risk assets eased as traders priced in reduced escalation risk.

The announcement follows hours of heightened tension ahead of Trump’s self-imposed deadline, which had raised fears of large-scale strikes on Iranian infrastructure. The two-week window now shifts focus back to negotiations.

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